I am currently reading De-moralizing Economies: African Socialism, Scientific Capitalism, and the Moral Politics of Structural Adjustment by James Ferguson....
"On 12 December 1991, Lawrence Summers, the chief economist of the World Bank )who would go on to serve as U.S. Secretary of the Treasury and is currently the president of Harvard University), sent an internal bank memorandum (later leaked to the press) in which he argued that the export of pollution and toxic waste to the Third World constituted an economically sound, "world-welfare enhancing trade" that should be actively encouraged by the World Bank. " (p70).
WHAT THE HECK!!!!!!
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